S&P going to 500?

Don't know, not too concerned either. The FTSE100 will follow the S&P and I intend to trade it all the way down, then trade it all the way up: I'm not worried where it turns, as long as it keeps fluctuating. I don't have any shares right now so its easy for me to be detached: the private investors sitting on shares worth a third of their earlier value must be sweating, but its a tough world and they're generally not too keen on the likes of me either.
 
Actually, simon, please excuse my ignorance, in Canada, are you permitted to spreadbet? Are you able to short equities?
 
Yes we are.

However... SP500 at 500.. means we're due for WWIII !

I tell you.. all the major problems the world has faced in the this past 50 years is because of these americans.

The idiots buying 5 houses with no income and 0 down..


Can they just not be normal?

As in not cause wars... not cause world economic collapse.. just be normal human beings for christs sakes.. lol
they just need to calm down with everything.


I expect some rednecks to start posting here f&(*&( this f&*^* that ... we'r the best.. the rest of the world is bla bla bla..

But I think even the public in the US is starting to see the light slowly but surely...
 
Hi simon - Yes, OK, if the world economy busts apart, we are all in trouble. I'm sure with the people like you have next door it must be a difficult neighbourhood at times......

Its very disappointing that lack of US regulatory oversight and awareness, with political timidity, have brought us to this brink where we are now. I am sure the average American sees that we have not been hit by an unforeseeable tsunami, or a freak hurricane, it has just been a badly managed banking system, and they must see that although we will need to bail out the banks right now, we can't let this happen again.

I've had success trading the downturn - but I'd rather be trading a bull trend.

Are you spreadbetting or otherwise using another strategy to cope?
 
Unfortunately, when the Americans get an idea, it seems to catch on! Blame is very heavy and no one wants to carry it. It's all hindsight, anyway. Humankind is a greedy animal and comes in all sorts of nationalities.
 
Dear Traders,

Looking at how the market has moved down for the past 2 weeks has sent a shiver down the spine of many traders!!

However please stay calm and look at some indicators such as VIX and VXN.
VIX measures the volatility of SnP 500 whereas VXN measures the volatility of Nasdaq 100.

VIX is at all time high (for the last 20 years). This signals all traders to start buying US stocks.

I personally thinks that the recovery will be very sharp too.

Good Luck in your trading!!

Regards,
PalaceKid
 
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N.Korea has taken US off its terror list. That should spook the markets more :))
 
If the S&P500 were to go down to 500, that would take us back to 1995! It's never wise to call the bottom of a market, but I'm betting that it won't be below 770 by year's end. That really is only a bet though...
 
VIX is sure on a high but it may not be wise to step in until the cloud clears. I had someone I know study the VIX closely for many years and he called a buy when VIX hit 36... well, last I saw it was in the 50s.... and the bloodletting is still ongoing. Have to take a bigger viewpoint for this. You might not catch the bottom but at least you'll only be in when the ride is strong and firm.
 
The VIX hit 76.94 on Friday. There is some heavy premiums in options for those brave enough to do some selling ...
 
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